Buy with Yoreevo
$2,254,000
List Price: $2,300,000
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6050 71st Avenue
House in Ridgewood •  building info
studio • 1,830ft² $1,257 per ft²
Buy with Yoreevo

$2,254,000

List Price

$2,300,000

Key Details
Days on market
49
Last price change
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Estimated payment
$13,788/mo
Taxes
$704/mo
Maintenance
N/A
Description
Contact the listing broker Adis Kolenovic directly at Kole Group for more information or to schedule a viewing. Presenting 71-04 60th Lane, a prime mixed-use corner property in the heart of Ridgewood, Queens. This recently renovated, fully vacant asset offers outstanding investment potential with a 7.1% pro forma cap rate at the asking price of $2,100,000. The building features two oversized 1,200 sq ft each, four-bedroom apartments with modern interiors, in-unit laundry hookups, and separate utilities. The ground floor boasts 800 sq ft of retail space plus 400 sq ft of office, perfect for a variety of commercial uses. A 1,200 sq ft fully finished basement with a bathroom offers further income or storage opportunities. The property also includes three private garages (600 sq ft total), ideal for tenant use or additional rental income. Situated on a high-visibility corner of 71st Ave and 60th Lane, the property is within walking distance to shops, parks, and major retailers like Stop & Shop, and enjoys convenient access to transit — including the M and R trains at the Forest Ave or Fresh Pond Rd stations. Highlights: 3,600 sq ft gross building area + 1,200 sq ft finished basement + 600 sq ft garages Updated mechanicals with separated gas and electric Radiator heat, gas hot water, and window AC units Zoning: R6B/C1-4 Lot size: 20.33’ x 90’ (1,830 sq ft) Don’t miss this unique opportunity to own a turn-key property in one of Queens’ most vibrant submarkets.

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Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$2,300,000
Asking Price: $2,300,000
Term
30 Years
Down Payment
$230,000 (10%)
Min: 10% (230,000)
Rate
6.5 %
Mortgage Amount
$2,070,000
Mortgage Payment
$13,084
Taxes
$704
Estimated Yoreevo rebate
$46,000
Estimated closing cost
$85,000
Total monthly cost $13,788
Buy your dream home with us and get an estimated $46,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Kole Group

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